Assisted-living community changes hands

The Blake of Gulf Breeze formally changed ownership on July 31, and with it came a new management company, Superior Residences Senior Living. The assisted-living community’s new name is The Beacon. Formerly owned and operated by Blake Management Group, the facility was sold to CNL Healthcare Properties based out of Orlando, Fla.

According to their website, CNL is a real estate investment trust that focuses on acquiring properties in the seniors housing and healthcare sectors. They acquired four seniors housing facilities along with The Beacon in July for a total of $195 million in the five-property portfolio alone. The company’s full portfolio includes 125 assets in 29 states with an approximate value of $2.5 billion.

Read the full article in the Nov. 12 issue of Navarre Press. Click HERE to subscribe for as little as $38 per year.

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